Stargate V1 to shut down operations in December

LayerZero Labs will discontinue operations for Stargate V1, the cross-chain bridge protocol, Crypto Briefing reported. Its V1 liquidity pools will stop functioning after Dec. 15, and liquidity providers must withdraw funds before then. LayerZero plans to support fee-free withdrawals to help users recover funds smoothly. The move follows the end of support for the LayerZero V1 relayer used by Stargate V1. Stargate will continue operating normally.